How to Plan & Fund Capital Improvements Projects

League of Wisconsin Municipalities
vision to reality
League of Wisconsin Municipalities
2018 Annual Engineering & Public Works Institute
“How to Plan & Fund
Capital Improvement Projects”Capital Improvement Projects
K t R M hKurt R. Muchow
Community Development Consultant

Session Agendag
• Municipal Budget Cycle vs. Public FundingMunicipal Budget Cycle vs. Public Funding
• Capital Improvements Planning• Capital Improvements Planning
• Conventional Funding Methods• Conventional Funding Methods
• Public Funding Opportunities• Public Funding Opportunities
E l P j t• Example Projects

• Planning & Civil Engineering Firm
• Office Locations:
- Reedsburg
- Madison
- Milwaukee Metro
- Prairie du Chien
• Vierbicher Website
www vierbicher comwww.vierbicher.com

Typical Municipal Budget/Project Cycleyp p g j y
2018 2019
J J A S O N D J F M A M J J A S O N D
BudgetBudget
Planning
Budget Review
& Adoption Project Implementation
Fi i• Financing
• Design / Bidding
P j t I l t tiProject Implementation
• Construction

Municipal Project Cycle vs. Public Fundingp j y g
2018 2019 2020
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D
C
C
C
C
C
C
W
W
W
W
W
W
W
W
W
W
W
W
W
W
W
W
W
W
W
W
CDBGPFGran
CDBGPFAwar
CDBGPFAppli
CDBGPFAppli
CDBGPFGran
CDBGPFAppli
WDNRSteward
WDNRSteward
WDNRSteward
WDNRSteward
WDNRSteward
WDNRSteward
WDOTTAPApp
WDOTTAPAwa
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDOTSTPApp
WDOTSTPAwa
WDOTSTPApp
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cation
tAward(Con
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dshipAward(C
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plication(Bi-A
ard(Construc
SDWLAward(
SDWL(ITA&P
SDWLITA&PE
SDWLFinalAp
SDWLAward(
SDWLITA&PE
SDWLFinalAp
SDWLFinalAp
SDWLAward(
plication(Bi-An
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plication(Bi-An
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Capital Improvements Planningg
“Capital Improvements Planning Greatly
E h C iti Abilit tEnhances a Communities Ability to
Consistently Access Public Funding
P ”Programs”

Definition:
“A multi-year plan
that provides a
working blueprintworking blueprint
for sustaining &
improving aimproving a
communities
infrastructure and
capital
equipment.”

What is a
Capital Expenditure?
“Capital items should
have a useful life of at
l t 3 dleast 3 years and a
cost of $5,000 or
more ”more.

Advantages of a CIP:
Id tif G l & P li i• Identify Goals & Policies
• Identify Needs & Financial Capability
• Build Consensus & Improves Awareness
• Enhances Coordination & Cooperation
• Improves use of Available Resources
• Ensures Financial Stability
• Greatly Enhances the Ability to Access
Public Funding Programs

General Suggestions:
• Include all DepartmentsInclude all Departments
(Public works, water, wastewater, police, fire, parks, library, etc.)
• Create a CIP Committee
(Dept. heads, Clerk, Treasurer, Board/Council members)
• Consistent with Community Plans
(Comprehensive Plan, Economic Development Plan, etc.)
• Understand Outside Influences
(State or Regional Projects New Regulations Private Development Etc )(State or Regional Projects, New Regulations, Private Development, Etc.)
• Include Your Professional Advisors
(Financial advisor, engineer, planner, etc.)( , g , p , )
• Update the CIP Annually

Components of a CIP:
“It’ th li t”“It’s more than a list”
• Estimate Financial CapacityEstimate Financial Capacity
• Administrative & Policy Guidelines
• Identify Projects & EquipmentIdentify Projects & Equipment
• Determine Justification & Priority
• Estimate Costs• Estimate Costs
• Prepare Implementation Schedule
• Identify Sources of Project Funding• Identify Sources of Project Funding

• Estimate Financial Capacity
• Administrative & Policy Guidelinesy
• Identify Projects & Equipment
• Determine Justification & PriorityDetermine Justification & Priority
• Estimate Costs
• Prepare Implementation SchedulePrepare Implementation Schedule
• Identify Sources of Project Funding

Estimate Financial Capacity
• Comparison to Comparable CommunitiesComparison to Comparable Communities
- General Gov’t. Spending per Capita
- Tax Levy per Capitay p C p
- G. O. Debt per Capita
- Sanitary Sewer & Water Rates
Impact Fees & Other Charges- Impact Fees & Other Charges
• Financial Capacity
- G. O. Debt CapacityG. O. Debt Capacity
- Projected Debt Payments & Balances (G.O., Sewer & Water)
- Projected TIF Increment Surplus/Deficit
How much new debt can be added?- How much new debt can be added?
“Communities should consult with your Municipal Financial Advisor”

Example Community Comparison

Financial Capacity
• During the 5 Year Planning Period
- Determine Amount of Cash Reserves
- Determine Annual Budgeted Revenue
- Determine Amount of Additional Debt Without Tax
Levy or User Rate IncreasesLevy or User Rate Increases
• Include All Sources
G l F d W t Utilit S Utilit t- General Fund, Water Utility, Sewer Utility, etc.
• Determine Availability of TIF Funding
Id tif G t F di A il bilit• Identify Grant Funding Availability

Example Financial Capacity
“Estimate Funds Available for CIP”“Estimate Funds Available for CIP”
• Available Cash Reserves
G l F d St t E i t $ 267 270- General Fund: Street Equipment = $ 267,270
- General Fund: Garbage & Recycling Equip. = $ 55,600
- General Fund: Industrial Park = $ 37,613
- General Fund: Senior Center = $ 27,966
- Sanitary Sewer Utility: WWTP Equipment Fund = $ 500,000
- Water Utility: Water Main Replacement = $ 102,780Water Utility: Water Main Replacement $ 102,780
- Water Utility: Tower & Well Fund = $ 55,178
- Subtotal Cash Reserves = $ 1,046,407

Capital Improvements Planning
“Estimate Funds Available for CIP”Estimate Funds Available for CIP
• Annual Budgeted Revenue
G l F d St t R t ti $ 120 000- General Fund: Street Reconstruction = $ 120,000
- General Fund: Street Maintenance = $ 30,000
- General Fund: Equipment Fund = $ 40,000q p $
- General Fund: Police Car & Equip. Fund = $ 26,200
- General Fund: Misc. Capital Improvements = $ 12,800
Sanitary Sewer Utility: Sewer Main Replacement = $ 100 000- Sanitary Sewer Utility: Sewer Main Replacement = $ 100,000
- Water Utility: Water Main Replacement = $ 75,000
- Water Utility: Water Tower & Well Fund = $ 28,000
- Subtotal Annual Budgeted Revenue = $ 432,000
- Total Budgeted Revenue Over Five Year Plan = $ 2,160,000

“E ti t F d A il bl f CIP”“Estimate Funds Available for CIP”
• Revenue From Additional Debt• Revenue From Additional Debt
- General Obligation Debt (No D/S Increase) = $ 1,440,000
- Water Utility Debt (No Rate Increase) = $ 1,155,000
- Sanitary Sewer Utility Debt (7.5% Rate Increase) = $ 3,700,000
- Tax Incremental Financing Debt (From Surplus) = $ 1,560,000
- Total Revenue from Additional Debt = $ 7,855,000Total Revenue from Additional Debt $ 7,855,000
“Comm nities sho ld cons lt ith o r M nicipal Financial Ad isor”“Communities should consult with your Municipal Financial Advisor”

“Estimate Funds Available for CIP”
• Revenue From Grants
- Rural Development Grant = $ 385,000
WDNR CWF Principal Forgiveness = $ 500 000- WDNR CWF Principal Forgiveness = $ 500,000
- DOT LRIP = $ 221,000
- CDBG Public Facilities Grant (2-$500,000 Grants) = $ 1,000,000
- Misc. Grants & Contributions = $ 300,000
- Total Revenue From Grants = $ 2,406,000

“E ti t F d A il bl f CIP”“Estimate Funds Available for CIP”
• Total Estimated Revenue For 5 Year Plan
- Available Cash Reserves = $ 1,046,407
- Annual Budgeted Revenue = $ 2,160,000
- Revenue From Additional Debt = $ 7,855,000$
- Revenue From Grants & Contributions = $ 2,406,000
- Total Revenue for 5 Year CIP = $13,467,407
“ Important for Communities to understand
financial capacity upfront ?”financial capacity upfront ?

g
• Administrative & Policy Guidelines
• Estimate Costs
• Identify Sources of Project Fundingy j g

Administrative & Policy Guidelines
g
• Tax Levy – Stay Within or Exceed Limits
• Set Limits on Sewer & Water Rates
• Pay-as-you-go vs. Borrowing
• Cost Sharing Between Departmentsg p
(e.g., general fund, sewer & water utilities share costs, etc. )
• Intergovernmental Cooperation• Intergovernmental Cooperation
(e.g., shared equipment purchases, shared services, etc.)
• Use of Public Funding Programs• Use of Public Funding Programs

Example Financial Goals
• Manage G.O. Debt to keep debt service at
existing levelexisting level.
• Do not increase water user rates.
• Increase sewer user rates but keep lower than• Increase sewer user rates, but keep lower than
comparable communities.
• Maximize use of surplus TIF revenue.a e use o su p us e e ue.
• Maximize use of grants.
“Recommend Council or Board approve policies & goals upfront”

Components of a CIP:p
i i i i i i• Administrative & Policy Guidelines
• Estimate Costs

Identify Projects, Cost & Priority
Project Request Form
• Project NameProject Name
• Department Requesting
• Project Description
• Justification & Priority
• Budget
• Funding Sources
• Special Considerations

Example Project Request Form

Ad i i t ti & P li G id li• Administrative & Policy Guidelines
D t i J tifi ti P i it• Determine Justification & Priority
• Estimate Costs

E l I l t ti S h d l F di PlExample Implementation Schedule & Funding Plan
• Equipment & Facilities
- Police Department
- Fire Department
- Public Works
- Parks & Recreation
- Equip. Reserve Fund
• Include Future Projects

E l I l t ti S h d l F di PlExample Implementation Schedule & Funding Plan
• Infrastructure
- Street Maintenance
- Street & Utility Reconst.
- Lift Station
- Wastewater Plant
- Water Supply
- Stormwater
• Include Future Projects

Public Funding Opportunitiesg
• What is the Public Purpose?
– Economic Development
– Health & Safety
– Blight Elimination & Urban Renewal
– Low-Income & Poverty
– Affordable Housing
– Environmental Protection
– Park & Recreation
Golden Rule!Golden Rule!

Municipal Infrastructure
• WDNR Safe Drinking Water
• WDNR Clean Water FundWDNR Clean Water Fund
• Rural Dev. Rural Utilities
• Rural Dev Comm FacRural Dev. Comm. Fac.
• WDOT Local Programs
• CDBG PF & PF ED• CDBG PF & PF-ED
• WDOT Tran. Econ Assist.
• Tax Incremental Financing• Tax Incremental Financing

Parks, Trails & Water Recreation
• WDNR Stewardship
• WDNR Rec. BoatingWDNR Rec. Boating
• Federal Rec. Trails
• County Park GrantsCounty Park Grants
• DOT Alternatives
(MAP21)(MAP21)
• Tax Incremental
Financingg

Water Resources & Flood Mitigation
WDNR Urban Non Point• WDNR Urban Non-Point
• WDNR Lake Plng. & Protection
WDNR Ri Pl & P t ti• WDNR River Plng. & Protection
• WDNR Municipal Flood Control
• FEMA Hazard Mitigation
• CDBG PF, PF-ED & EAP
• WDOT Trans. Econ. Assist.
• Tax Incremental Financing

Public Funding Opportunities
Economic Development
• Tax Incremental Financing
• CDBG PlanningCDBG Planning
• CDBG ED & PF-ED
• WDOT Tran Econ AssistWDOT Tran. Econ Assist.
• WEDC Programs
• Brownfield Programs• Brownfield Programs
• Econ. Dev. Admin
• Rural Development• Rural Development

Trends in Public Funding
Community Development Block Grant (CDBG)

CDBG Public Facilities
• Annual Application Deadline: May 24, 2019
• Grant Awards: Last Week in July• Grant Awards: Last Week in July
• Maximum Grant: $500,000, or 50% of Eligible
• National Objectives• National Objectives
- Low-to-Moderate Income (Over 51%)
- Blight Elimination
- Local Urgent Need
• Eligible Projects:
- Infrastructure Reconstruction
- Community Centers, Senior Centers,
Fire Stations LibrariesFire Stations, Libraries
- Downtown Redevelopment

CDBG Public Facilities for Econ. Dev.
• Application Deadline: Continuous
M i G t $500 000 50% f Eli ibl• Maximum Grant: $500,000, or 50% of Eligible
• Eligible Projects:
- Infrastructure Improvements to Serve Econ. Dev.
- Redevelopment: Acquisition, Demolition, Remediation
• National Objectives
- Low-to-Moderate Income Job Creation
- Over 51% of Jobs
Must be Filled by LMI Persons

CBDG CLOSE Programg
• CDBG ED Local Revolving Loan FundsCDBG ED Local Revolving Loan Funds
• Over $100 Million Across State
• +/ 60% is Cash in Banks• +/- 60% is Cash in Banks
• HUD Requiring Funds be Recycled
C iti M t R F d t DOA• Communities Must Repay Funds to DOA
• Communities Apply to Get Funds Back
• Can be used for Eligible CDBG Projects
• CDBG CLOSE Funds may be Defederalizedy

Trends in Public Fundingg
U.S.D.A. Rural Development

USDA Rural Development
• Water & Waste Disposal Program
- Eligible Communities: Less Than 10 000 pop- Eligible Communities: Less Than 10,000 pop.
- Eligible Projects:
* Drinking Water System Improvementsg Sy p
* Wastewater System Improvements
* Storm Sewer Systems
* Solid Waste Systems* Solid Waste Systems
- Funding:
* Loans: 40 Year Term; Interest Rate = 2.125%, 2.75% or 3.5%Loans: 40 Year Term; Interest Rate 2.125%, 2.75% or 3.5%
* Grants: 0% to 75% Based on MHI & Rates
: Normal Grant = 15% to 30%
: Hardship Grant Up to 75%: Hardship Grant = Up to 75%

USDA Rural Development
• Community Facilities
Eli ibl C iti L Th 20 000 P l ti- Eligible Communities: Less Than 20,000 Population
* Municipal BuildingsMunicipal Buildings
* Fire Stations
* Police Stations
* Health Care Facilities* Health Care Facilities
• FundingFunding
- Loans: 40 Year Term; Interest rate = 3.5%
- Grants: Limited Allocation
- Loan Guarantees

WDNR Clean Water Fund & Safe Drinking Water

WDNR Clean Water Fund
• Application Cycle
ITA & PERF Deadline: October 31st- ITA & PERF Deadline: October 31st
- Hardship Applications Deadline: June 30th
- Principal Forgiveness Application Deadline: Sept. 30th
• Eligible Projects
- Municipal Wastewater Infrastructure
- Stormwater Quality Projects
• Loan Terms
- 20 Years Amortization
- Interest Rate: 1.122% to 3.4%
• Hardship & Principal Forgiveness• Hardship & Principal Forgiveness

WDNR Safe Drinking Water Loang
• Application Cycle
- ITA & PERF Deadline: October 31st
- Principal Forgiveness Application Deadline: June 30th
• Eligible Projects
- Municipal Drinking Water Infrastructure
Loan Terms
20 Y A ti ti- 20 Years Amortization
- Interest Rate: 1.122% to 1.87%
P i i l F i• Principal Forgiveness

Park & Recreation Programs

Park & Recreation Grant Programsg
• Funding Programs
- WDNR Knowles-Nelson Stewardship (No Maximum)p ( )
- WDNR Recreational Boating Facilities (No Maximum)
- Federal Land & Water Conservation Fund (No Maximum)
Recreational Trails (Max = $200 000)- Recreational Trails (Max. = $200,000)
• Local Match = 50%
• Application DeadlinesApplication Deadlines
- Annual Deadline on May 1st
- Continuous for Recreational Boating

Local Transportation Programs

Local Transportation Funding
• DOT STP Urban & Rural
- Application Deadline: July 10, 2019 (Odd Years)
Eligible Projects: Local Roads Classified as Collector or Above- Eligible Projects: Local Roads Classified as Collector or Above
- Funding: 80% Grant, 20% Local
• DOT Alternatives
- Application Deadline: Jan. 29, 2020 (Even years)
* Transportation Enhancementp
* Recreational Trails
* Safe-Routes to Schools
- Funding: 80% Grant, 20% Localg ,
• DOT Trans. Econ. Assistance
- Application Deadline: Continuous
- Eligible Projects: Roads & Rail For Econ. Dev.
- Funding: 50% Grant, 50% Local

History of Tax Incremental Financingg
• TIF = Tax Increment Financing• TIF = Tax Increment Financing
TID T I t Di t i t• TID = Tax Increment District
Fi t A th i d i 1975 Wi 66 1105• First Authorized in1975, Wis. 66.1105
• TIF Law has been amended many times
over the years

What is TIF?
A municipal financing tool to accomplish
specific community development objectives:
• promote industrial development
• promote mixed-use development
• eliminate blighted areas
• rehabilitate deteriorating areas

Why TIF Was Created
• Federal funding decreased for
community development programs
All iti & ill t k ith i t• Allows cities & villages to work with private
sector to stimulate economic growth
• Eliminated inequitable situation that
discouraged developmentg p
* Cities & villages bore the cost of development,
but all taxing entities shared the benefit.

Summary of TID Creations in Wisconsiny

Summary of TIF Districts in Wisconsin
• Currently 1 238 active TIDs in Wisconsin in
y
• Currently 1,238 active TIDs in Wisconsin in
425 communities (June 1, 2017)
• 2,052 TIDs created since 1976
• 822 TIDs terminated since 1976
• Average life of TIDs = 16.3 years

Summary of Districts in Wisconsiny
• 307 Mixed-use districts
• 301 Industrial districts• 301 Industrial districts
• 295 Blight elimination districts
• 156 Created before 1995 (no district type)• 156 Created before 1995 (no district type)
• 149 Rehab and conservation districts
16 Environmental remediation• 16 Environmental remediation
• 4 Town districts
• 86 Distressed districts
• 18 Severely distressed district• 18 Severely distressed district

TIF Basics
Important TIF Definitions
• Base Value: The equalized value of real and
personal property in a TID when created.
• Increment Value: The difference between the
base value and the current valuebase value and the current value.
• Tax Increment: Taxes levied by the overlying• Tax Increment: Taxes levied by the overlying
taxing jurisdictions on the value between the base
value and the current value in the TID.

Types of TIDs
• Industrial Developmentp
• Mixed-Use
• Blight Elimination• Blight Elimination
• Rehabilitation / Conservation
• Environmental Remediation
• Town TIDs

Type of Tax Increment Districts
Industrial Development TID
50% f d t b it bl f d• 50% of area needs to be suitable for and
zoned for industrial development
Expenditure Period 15 Years• Expenditure Period = 15 Years
• Maximum Life = 20 years
M i Lif With E t i 23• Maximum Life With Extension = 23 years

Mixed-Use TID
•Must have at least two land useMust have at least two land use
(Commercial/Residential/Industrial)
•No more than 35% can be newly platted residential
•TID expenditures may be made for residential if
one of the following applies:
 Density at least 3 units per acreDensity at least 3 units per acre
 Conservation subdivision
 Traditional neighborhood development
•Expenditure period = 15 Years•Expenditure period = 15 Years
•Maximum life = 20 years
•Max. life with ext. = 23 yearsMax. life with ext. 23 years

Blight Elimination TID
• T picall Older Neighborhoods• Typically Older Neighborhoods
• 50% of Area Must be Declared Blighted
• Requires Formal Designation of BlightRequires Formal Designation of Blight
• Letter’s Must be sent to Landowners
• Expenditure Period = 22 Yearsp
• Maximum Life = 27 Years
•Maximum Life With
Extension = 30 years

Rehabilitation/Conservation TID
C l R f d t R it li ti TID• Commonly Referred to as Revitalization TID
• At least 50% of the property must be suitable
for rehabilitation or conservationfor rehabilitation or conservation
• Letter’s Must be sent to Landowners
E dit P i d 22 Y• Expenditure Period = 22 Years
• Maximum Life = 27 Years
• Maximum Life With Extension
= 30 years

Environmental Remediation
• Eligible Costs: Remediation, property acquisition,
demolition, asbestos removal, underground tank
removal and financingremoval and financing.
• Expenditure Period = 15 years
• Maximum Life = 23 years ( t i ll d)• Maximum Life = 23 years (no extensions allowed)

Eligible TIF Projectsg j
• Eligible TIF projects can be located within the
TID, or within one-half mile radius.
• Eligible projects must benefit TID
• Eligible projects include:g p j
- Infrastructure
- Land acquisition / demolition
- Environmental clean-up
- Site development
l t i ti- Development incentives
- Marketing & promotion
Organization & administration- Organization & administration
• Extension for Affordable Housing

PDCH Street & Utility Reconstructiony
– 10,000 LF of Street & Utility Reconstruction
Downtown Enhancement– Downtown Enhancement
– Total Project Cost = $4.3 Million
• $1 5 M WDNR CWF Loan• $1.5 M WDNR CWF Loan
• $1.7 M WDNR SDWL Loan
• $660,000 WDOT Enhancement Grant$660,000 O a ce e G a
• $300,000 CDBG Grant
• $105,000 Tax Incremental Financing
• $50,000 Fundraiser
• $0 General Fund

Viroqua Street & Utility Reconstruction
- 14 City Blocks of Street & Utility
Reconstruction
Majority Located In Downtown- Majority Located In Downtown
- Total Project Cost = $3,225,000
- Project Funding
• $1,153,978 USDA Rural Dev.$1,153,978 USDA Rural Dev.
Water Loan
• $384,659 USDA Rural Dev.
Water Grant
• $1,140,723 USDA Rural Dev.
Sewer Loan
• $326,200 TIF
• $221,000 DOT LRIP Grant
- All Loans Paid by TIF and Sewer &
Water Utilities. $0 General Fund.

Edgar Business Parkg
• Project Summary
- Expansion of Existing BusinessExpansion of Existing Business
- Village Infrastructure Extension
- New tax base = $2,297,000
- Creation of 11 jobs
• Total Village Cost = $668,841g
• Funding Summary
- $240,565 CDBG-PFED Grant
* ($21,870 Grant Per Job)
- $428,276 TIF Loan
* (11 Y b k)* (11 Year payback)

Richland Center
Westside Drive Reconstruction
St t tilit t ti• Street & Utility Reconstruction
• 3,600 Lineal Feet
T t l P j t C t $1 860 000• Total Project Cost = $1,860,000
• Project Funding
$509 000 Rural Dev Sewer Loan– $509,000 Rural Dev. Sewer Loan
– $259,000 Rural Dev. Sewer Grant
– $500,000 CDBG Grant
– $592,000 City Loan
– 41% Grant, 59% Loan

Linden Water System
• Project Summary
– New Well
– Water Main Replacement
• Total Project Cost = $1,166,000
• Funding Summary
$– $500,000 CDBG-PF Grant
– $666,000 Revenue Bond

DeForest North Business Park
P j t S• Project Summary
– Business Park Expansion
– APC – 171,000 sf BuildingAPC 171,000 sf Building
– PLC – 133,000 sf Building
– Creation of 189 jobs
• Project Scope
– Streets & Utilities
– Storm Water ManagementStorm Water Management
– Site Development
– Pedestrian / Bicycle Trail
• Infra. Cost = $3,650,000
• Funding Summary
$ ($ )– WDOT-TEA Grant = $945,000 ($5,000 Grant Per Job)
– TIF Loan = $2,705,000

Questions?
K t R M hKurt R. Muchow
kmuc@vierbicher.com
608/768-4817

How to Plan & Fund Capital Improvements Projects

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